Liquid Capital Founder Yi Lihua Says Bitcoin Faces Pullback Pressure Near $86,000
Liquid Capital founder Yi Lihua said he had repeatedly warned over the past month that Bitcoin could face a pullback as it approached $86,000. According to Odaily, he said Bitcoin has traded sideways over the past two weeks, with a false breakout at one point, while he has maintained his view that a short-term correction is likely.Yi said he had judged in May that the rebound had ended and had also pointed to buying opportunities several times in July and August. He added that investing and trading in the crypto market are difficult and said participants need to keep improving their investment and trading skills to have a chance of earning returns.